AllFlash Array Market Segments, Size, Emerging Growth Factors and Forecast 2020-2030
AllFlash Array Market Highlights
The all-flash array market is expected to grow from USD 5.78 billion in 2018 to USD 16.21 billion by 2024, at a CAGR of 20.56%, during the forecast period.
All-Flash array is a storage drive that uses flash memory to store data for an extended period. The key benefits offered by all-flash array are high performance, low power consumption, increased flexibility, easy installation, low maintenance, and reduced size among others. The All-Flash Array Market players are adopting product launch as the key market strategy to strengthen their market position owing to the growing demand of all-flash array. For instance, in 2018, IBM Corporation launched all-flash multi-cloud storage product models—FlashSystem 9110 and FlashSystem 9150. In the same year, Dell Technologies launched a new non-volatile memory express storage array— PowerMax.
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Key Players
The prominent players in the all-flash array market are Dell Technologies (US), Hewlett Packard Enterprise (US), NetApp, Inc. (US), Pure Storage (US), IBM Corporation (US), Huawei Technologies Co. Ltd (China), Western Digital Corporation (US), Hitachi, Ltd (Japan), Kaminario (US), Micron Technology, Inc. (US), Oracle Corporation (US), Cisco Systems, Inc. (US), E8 Storage (US), Violin Systems (US), Fujitsu Ltd (Japan), and Vexata Inc. (US).
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Based on the storage pattern, the market has been segmented into file, object, block. All-flash array market for block storage segment is estimated to be the largest during the review period; it is expected to register the highest CAGR during the forecast period. The growth is attributed to its benefits which include increased scalability, ease of management, built-in data protection, and high performance offered by block storage which makes it the most preferred storage solution across different end-use verticals.
Based on flash media, the All-Flash Array Market has been segregated into custom flash modules (CFM) and solid-state drives (SSD). SSD segment held the highest market share in 2018 whereas the CFM segment is expected to register the highest CAGR during the review period. The growing adoption of CFM is owing to the benefits it offers which include improved space efficiency, better power performance, competitive pricing, improved capacity density, and flexibility among others.
Based on end user, the All-Flash Array Market has been segmented into BFSI, healthcare, media and entertainment, commercial institutions, government, telecom, and others. The BFSI segment is expected to dominate the all-flash array market during the forecast period owing to growth in the adoption of all-flash arrays in developing nations that are increasingly investing to upgrade their existing storage solution. However, the media and entertainment segment is expected to register the highest CAGR during the forecast period.
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Regional Analysis
The global all-flash array market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to be the largest market in the forecast period owing to the increasing demand for automation across different industry verticals that is expected to promote the adoption of all-flash array for applications such as data computing, processing, and storage. Furthermore, rise in the number of data centers in the region coupled with the availability of low-cost raw materials that promotes mass production of low-cost all-flash array in the region. The major countries identified to witness high growth in Asia-Pacific are China, Japan, Australia, and India.
The Middle East is expected to register the highest CAGR in the all-flash array market during the forecast period owing to the increasing demand from end-use verticals such as oil & gas, energy, and media and entertainment.
AllFlash Array Market Segments, Size, Emerging Growth Factors and Forecast 2020-2030
AllFlash Array Market Highlights
The all-flash array market is expected to grow from USD 5.78 billion in 2018 to USD 16.21 billion by 2024, at a CAGR of 20.56%, during the forecast period.
All-Flash array is a storage drive that uses flash memory to store data for an extended period. The key benefits offered by all-flash array are high performance, low power consumption, increased flexibility, easy installation, low maintenance, and reduced size among others. The All-Flash Array Market players are adopting product launch as the key market strategy to strengthen their market position owing to the growing demand of all-flash array. For instance, in 2018, IBM Corporation launched all-flash multi-cloud storage product models—FlashSystem 9110 and FlashSystem 9150. In the same year, Dell Technologies launched a new non-volatile memory express storage array— PowerMax.
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Key Players
The prominent players in the all-flash array market are Dell Technologies (US), Hewlett Packard Enterprise (US), NetApp, Inc. (US), Pure Storage (US), IBM Corporation (US), Huawei Technologies Co. Ltd (China), Western Digital Corporation (US), Hitachi, Ltd (Japan), Kaminario (US), Micron Technology, Inc. (US), Oracle Corporation (US), Cisco Systems, Inc. (US), E8 Storage (US), Violin Systems (US), Fujitsu Ltd (Japan), and Vexata Inc. (US).
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Based on the storage pattern, the market has been segmented into file, object, block. All-flash array market for block storage segment is estimated to be the largest during the review period; it is expected to register the highest CAGR during the forecast period. The growth is attributed to its benefits which include increased scalability, ease of management, built-in data protection, and high performance offered by block storage which makes it the most preferred storage solution across different end-use verticals.
Based on flash media, the All-Flash Array Market has been segregated into custom flash modules (CFM) and solid-state drives (SSD). SSD segment held the highest market share in 2018 whereas the CFM segment is expected to register the highest CAGR during the review period. The growing adoption of CFM is owing to the benefits it offers which include improved space efficiency, better power performance, competitive pricing, improved capacity density, and flexibility among others.
Based on end user, the All-Flash Array Market has been segmented into BFSI, healthcare, media and entertainment, commercial institutions, government, telecom, and others. The BFSI segment is expected to dominate the all-flash array market during the forecast period owing to growth in the adoption of all-flash arrays in developing nations that are increasingly investing to upgrade their existing storage solution. However, the media and entertainment segment is expected to register the highest CAGR during the forecast period.
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Regional Analysis
The global all-flash array market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to be the largest market in the forecast period owing to the increasing demand for automation across different industry verticals that is expected to promote the adoption of all-flash array for applications such as data computing, processing, and storage. Furthermore, rise in the number of data centers in the region coupled with the availability of low-cost raw materials that promotes mass production of low-cost all-flash array in the region. The major countries identified to witness high growth in Asia-Pacific are China, Japan, Australia, and India.
The Middle East is expected to register the highest CAGR in the all-flash array market during the forecast period owing to the increasing demand from end-use verticals such as oil & gas, energy, and media and entertainment.
